Diversified Gas & Oil PLC Issue of Equity and Total Voting Rights (4092H)
15 November 2018 - 6:01PM
UK Regulatory
TIDMDGOC
RNS Number : 4092H
Diversified Gas & Oil PLC
15 November 2018
15 November 2018
Diversified Gas & Oil PLC
(the "Company")
Issue of Equity and Total Voting Rights
Diversified Gas & Oil PLC (AIM: DGOC), the US based gas and
oil producer, announced on 2 November 2017 the award of Restricted
Stock Units ("RSUs") issued under the Company's equity incentive
plan (the "Plan") to certain of the Company's senior management who
have been instrumental in the successful integration of the
Company's recently acquired assets. In accordance with the terms
Plan 1/3rd of the RSU's have now vested and the Company has
therefore issued and allotted an aggregate of 162,619 new ordinary
shares of 1 pence each in the Company (the "RSU Shares") to the
participants in the Plan.
The Company has also received notice of the exercise of warrants
to subscribe for a total of 685,231 ordinary shares of 1 pence each
(the "Warrant Shares") at a price of 65 pence per share. The
warrants were issued to Smith & Williamson at the time of
Company's admission to trading on AIM in January 2017.
Application has been made for the RSU Shares and the Warrant
Shares (together the "New Shares") to be admitted to trading on AIM
which is expected to occur on or around 21 November 2018. The New
Shares rank pari passu in all respects with the Company's existing
ordinary shares of 1 pence each ("Ordinary Shares").
Following the issue of the New Shares the Company will have
542,653,937 Ordinary Shares in issue. No Ordinary Shares are held
in treasury. The figure of 542,653,937 may be used by the Company's
shareholders as the denominator in the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Eric Williams, the Company's Chief Financial Officer, is one of
the participants in the Plan and accordingly he will receive 38,855
RSU Shares. Mr Williams' interest in the Company now comprises
38,855 Ordinary Shares, representing 0.01% of the Company's issued
share capital, plus RSUs over a further 55,000 Ordinary Shares and
share options over 1,750,000 Ordinary Shares.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provides further
detail.
Diversified Gas & Oil PLC
Rusty Hutson Jr., Chief Executive Officer
Bradley G. Gray, Chief Operating Officer
and Finance Director
Eric Williams, Chief Financial Officer
www.dgoc.com + 1 (205) 408 0909
Smith & Williamson Corporate Finance Limited
(Nominated Adviser)
Russell Cook
Katy Birkin
Ben Jeynes +44 (0)20 7131 4000
Mirabaud Securities Limited
(Joint Broker)
Peter Krens
Edward Haig-Thomas +44 (0)20 3167 7221
Stifel Nicolaus Europe Limited
(Joint Broker)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield +44 (0)20 7710 7600
Buchanan
(Financial Public Relations)
Ben Romney
Chris Judd
Henry Wilson
dgo@buchanan.uk.com +44 20 7466 5000
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Eric Williams
---------------------------------------- ---------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status
Chief Financial Officer/PDMR
---------------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Diversified Gas & Oil PLC
---------------------------------------- ---------------------------------------
b) LEI 213800YR9TFRVHPGOS67
---------------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------
a) Description of the financial Restricted stock units constituting
instrument, type of instrument a right to acquire ordinary
shares of 1p each
---------------------------------------- ---------------------------------------
Identification code GB00BYX7JT74
---------------------------------------- ---------------------------------------
b) Nature of the transaction Vesting of restricted stock
units under the Company's equity
incentive plan
---------------------------------------- ---------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- ------------------- ------------------
GBP0 38,855
----------------------------------------------------------------- ------------------
d) Aggregated information N/A single transaction
---------------------------------------- ---------------------------------------
Aggregated volume N/A single transaction
---------------------------------------- --------------------------------------------
Price N/A single transaction
---------------------------------------- --------------------------------------------
e) Date of the transaction 14 November 2018
---------------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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